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Real-Time Digital Trading Platform for Seafood Industry

freeportmetrics.com

Food & Beverage

Agriculture

Financial services

Industry Challenges in Seafood Trading

The seafood trading industry suffers from unpredictable pricing mechanisms, manual negotiation processes at docks, lack of real-time market data, and absence of centralized digital infrastructure. These issues create financial instability for fishermen and planning difficulties for institutional buyers.

About the Client

Company specializing in seafood commodities trading with expertise in fishing and digital marketplace innovation

Digital Transformation Goals

Create a centralized digital marketplace for seafood trading
Implement price stabilization mechanisms through forward contracts
Enable real-time bidding and negotiation capabilities
Establish transparent and efficient trading workflows
Position client as industry innovator through technology leadership

Core Platform Capabilities

Online bidding system for price discovery
Real-time web socket notifications for market activity
Contract management with fixed pricing terms
Centralized marketplace dashboard
Mobile-responsive trading interface

Technology Stack Requirements

Ruby on Rails (RoR)

Sencha (ExtJS)

MySQL

Web Sockets

Amazon Web Services (AWS)

System Integration Needs

Payment gateways
Market data APIs
Mobile platform SDKs

Operational Requirements

High-availability architecture
Real-time performance metrics
Data encryption standards
Scalable infrastructure

Expected Business Transformation

The platform will revolutionize seafood procurement by creating price stability, reducing transaction time by 70%, expanding market access for remote fishermen, and establishing a transparent trading ecosystem. This will position the client as a category leader and drive industry-wide digital adoption.